Evening Trade 1/18

[NCcorntrader]

Good evening all-

CURRENT POSITIONS:

LONG DEC @ 566.25

LONG DEC @ 561.75

LONG DEC @ 560.00

RECENT TRADES:

NONE

Still holding tight on these long positions. All of the outside indicators are trending for higher corn- higher oil, lower dollar, higher gasoline, most other commodities are higher. Just have to be patient.  

2045 ET

Mar trading at 595. Dec at 550. Not much volume to speak of.

[giolucas]

Have we gotten the bounce that we want yet?  I have recovered and made a little but looking for a better bounce.  Playing very defensive after last Thursday and Friday.  

Still long March soybeans and adding to my position with the dips.  Being very patient.  Good luck. 

[NCcorntrader]

hey gio

beans have done a good bit better than corn. glad you have recovered from last weeks losses. my target right now is 5.65 for dec corn

[giolucas]

After Friday, I really thought we were going to test the lows and we have not seen that. Soybean prices have gone up pretty steady.  I am looking for short term objective to exit at around 1198 to 12.00.  I hope we can get there soon. Time will tell.  The charts are ready and look favorable for higher prices.